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Active, or passive? : revisiting the role of fiscal policy in the Great Inflation
Ettmeier, Stephanie; Kriwoluzky, Alexander - 2019
We revisit the question whether U.S. fiscal policy in the pre-Volcker period was active or passive. To determine the policy stance, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. In contrast to...
Persistent link: https://www.econbiz.de/10012309706
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Progressive tax-like effects of inflation : fact or myth? : the U.S. post-war experience
Süssmuth, Bernd; Wieschemeyer, Matthias - 2019
Inflation and earnings growth can push some tax payers into higher brackets in the absence of inflation …-indexed schedules. Moreover, inflation may affect the composition of individuals’ income sources. As a result, depending on the relative … tax burden of labor and capital, inflation may decrease or increase the difference between before and after-tax income …
Persistent link: https://www.econbiz.de/10012314680
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Network exposure in the propagation of the COVID-19 pandemic
Epp, Markus; Jäger, Marius - 2021
This paper develops a parsimonious model of individual exposure and of public health policy that can be used to study the evolution of an epidemic and the optimal use of lockdown policies and other non-pharmaceutical interventions. At the heart of individual exposure choices are the trade-offs...
Persistent link: https://www.econbiz.de/10013341752
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The tax incidence on the revenues of Romanian crop farms
Izvoranu, Anca-Marina; Kruzslicika, Mihaela; Toma, Camelia - In: Agrarian economy and rural development : realities and …, (pp. 113-118). 2019
Taxation plays a fundamental role in the context of decisions made by Romanian farmers on agricultural holdings. The fear of failure of a farmer is accentuated by taxation, which gives increasing importance to the treatment of this subject. This paper aims to analyze the effect of fiscal...
Persistent link: https://www.econbiz.de/10012212724
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Impact of the German real estate transfer tax on the commercial real estate market
Frenzel Baudisch, Coletta; Dresselhaus, Carolin - 2019
The tax burden of real estate transactions in Germany increased considerably since the constitutional reform in 2006. We examine the impact of the real estate transfer tax (RETT) on transactions and (net-of-tax) prices of commercial buildings and vacant commercial lots by means of a...
Persistent link: https://www.econbiz.de/10012231217
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The mobile tax bill : how mobile is impacted by sector-specific taxes
Castells, Pau; Pedrós, Xavier; Sivakumaran, Mayuran - 2019
Many developing countries have introduced sector-specific taxes on the consumption of mobile services, which apply on … top of general taxes, and therefore discourage the positive externalities that have been estimated to be associated with … of these taxes on consumer prices. Firstly, we develop a measure of prices of mobile services and devices, and create a …
Persistent link: https://www.econbiz.de/10012153764
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The inheritance and gift tax in Germany reform potentials for tax revenue, efficiency and distribution
Beznoska, Martin; Hentze, Tobias; Stockhausen, Maximilian - 2020
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed, and to increase incentives to work by lowering the tax burden on labour, which is especially high in Germany according to the OECD. The purpose of this paper is therefore to...
Persistent link: https://www.econbiz.de/10012419216
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The impact of new tax policies in semi-subsistence agriculture in the period 2013-2017
Toma, Camelia; Gavrilescu, Camelia - In: Agrarian economy and rural development : realities and …, (pp. 23-30). 2018
agricultural products. The collection of taxes and health-related contributions based on agricultural income norms has decreased …
Persistent link: https://www.econbiz.de/10012055097
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Transport accessibility as merit good
Medda, Francesca - 2010
The individual's perception of transport cost usually does not include the full social cost of transport, as in for instance, its global environmental effects. Under this view, we observe a mismatch between individual perception and general social transport cost and welfare. In order to overcome...
Persistent link: https://www.econbiz.de/10011573778
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Effects of fiscal devaluation in a closed economy
Sui, Jin - 2020
Fiscal devaluation works as an alternative instrument to monetary de- valuation, helping countries to regain competitiveness in a monetary union. Focusing on a closed economy, this paper analyzes its effects in a dynamic framework. In the case of an increasing relative love for variety, fiscal...
Persistent link: https://www.econbiz.de/10012438057